Southern Cement shareholders approve 12.5% cash dividend for H2 2021

13/04/2022 Argaam Exclusive

Shareholders of Southern Province Cement Co. approved, on April 12, the board’s recommendation to pay a 12.5% cash dividend, or SAR 1.25 a share, for H2 2021, according to a bourse filing today, April 13.  

 

Dividend Details (H2 2021)

Current Capital

SAR 1.4 bln

Number of Shares

140 mln

Total Dividend

SAR 175 mln

Percentage of Capital

12.5% (SAR 1.25 per share)

Record Date

Shareholders of record on the general meeting day, and those registered with the Securities Depository Center at the end of the second trading day following the due date.

Payment Date

April 24, 2022

 

 

Total Dividend (2021)

Total Dividend

SAR 350 mln

Percentage of Capital

25% (SAR 2.5 per share)

 

They also approved delegating the board of directors to distribute interim dividends on a semi-annual and quarterly basis for 2022.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
03/03/2022 12/04/2022 24/04/2022 175.00 1.25
29/07/2021 10/08/2021 22/08/2021 175.00 1.25
03/03/2021 11/04/2021 25/04/2021 350.00 2.50
23/07/2020 09/08/2020 23/08/2020 315.00 2.25
05/03/2020 05/04/2020 19/04/2020 315.00 2.25
05/08/2019 30/09/2019 06/10/2019 175.00 1.25
07/03/2019 18/04/2019 01/05/2019 140.00 1.00
08/08/2018 30/09/2018 14/10/2018 140.00 1.00
07/03/2018 17/04/2018 29/04/2018 70.00 0.50
10/07/2017 31/07/2017 01/10/2017 140.00 1.00
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 8.50 64.50 13.18 %
Last 5 Financial years 14.00 48.38 28.94 %
Last 10 Financial years 38.25 100.00 38.25 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

33.10
(0.25) (0.75 %)

Valuation Data (Latest Share Price)

P/E (TTM) 21.13
P/E Before Unusual Items (TTM) 22.89
P/BV 1.42
Dividend Yield 2.35 %
Market Cap. (M) 4,634.00
Return on Average Assets 5.39 %
Return on Average Equity 6.77 %

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